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Reali Elevates Tyler Baldwin to CEO to Guide Next Phase of Growth

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This leadership transition comes at the right time for Reali, thanks to our clearly established value proposition for homebuyers and sellers and significant positive momentum across the company.

Reali, the real estate and fintech company transforming home buying and selling, today announced that Tyler Baldwin will transition from COO to CEO in anticipation of continued, accelerating growth. Baldwin will assume the role currently held by co-founder and CEO Amit Haller, who will in turn assume the role of Executive Chairman of the Board, where he will continue to provide his institutional knowledge and oversee the board’s activities. Baldwin, an operations and tech veteran who joined Reali in 2018 as Chief Revenue Officer before being promoted to COO in early 2020, brings a unique skill set and perspective to the role, blending sales, operations and corporate strategy. He and Haller plan to collaborate closely over the coming months, leveraging their individual strengths and passions to guide Reali through a period of transformational growth and expansion into new markets, products and partnerships.

“This leadership transition comes at the right time for Reali, thanks to our clearly established value proposition for homebuyers and sellers and significant positive momentum across the company,” said Haller. “Tyler is a seasoned operational expert with strategic vision who knows our business. He brings a relentless focus on the customer, a strong track record of driving growth, and proven transformational leadership, all of which position him well for success. I believe that Tyler is the right leader to guide Reali into our next era of growth as the company continues its transformation.”

“I am deeply honored to have the opportunity to succeed Amit and lead Reali on the next phase of our journey to improve the way people buy and sell homes,” said Baldwin, “and I am looking forward to taking Reali to the next level, which includes growing our current markets, strategically expanding nationally and continuing to provide our customers with an unparalleled high-tech, high-touch homeownership journey.”

Prior to joining Reali, Baldwin was an executive at LinkedIn, where he led the Mid-Market and Enterprise sales team for Elevate, an employee advocacy solution that helps companies build their brand by curating and sharing content. He also led the Global Sales Strategy & Operations team for LinkedIn’s Sales Solutions. Prior to joining LinkedIn, Baldwin spent three years at McKinsey & Company where he advised Fortune 500 companies and their executive teams. Baldwin holds an MBA from Northwestern University’s Kellogg School of Management.

About Reali

Reali is a real estate and fintech company that is creating a one-stop-shop to make homeownership simple, affordable and stress-free, every step of the way. We leverage first-in-kind technology to serve homebuyers and sellers in a single, integrated platform. Our wide range of alternative financing solutions make a complicated process like buying and selling at the same time much less complicated. Customers can buy and sell in one coordinated transaction, eliminating resale contingencies, moving twice, and paying two mortgages at once. Whether it’s buying, selling, financing, or owning a home, our high-tech, high-touch offering meets the unique and individual needs of our customers. Keep in touch at reali.com, join our team, or download the Reali app for iOS and Android.

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Source: https://www.prweb.com/releases/reali_elevates_tyler_baldwin_to_ceo_to_guide_next_phase_of_growth/prweb18069009.htm

Crowdfunding

Properly, a Canadian Tech-Enabled Real Estate Brokerage, Secures CAD 44M via Series B from Bain Capital Ventures, Others

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Properly, the Canadian technology-powered real estate brokerage, reveals that it has secured CAD 44 million through its Series B financing in order to support its national expansion across Canada’s $400 billion real estate market.

As noted by the company in a blog post, Bain Capital Ventures led Properly’s financing, and was joined by investors Intact Ventures, the venture unit Canada’s largest provider of property and casualty insurance, and FCT, the national service provider in real estate tech and title insurance.

Several prominent individuals also took part in Properly’s round, including Mike Katchen (co-founder and CEO of Wealthsimple), Spencer Rascoff (co-founder and former CEO of Zillow and Pacaso) through his firm 75 & Sunny, Eric Wu (co-founder and CEO of Opendoor), Lydia Jett (Softbank Vision Fund), and Jonathan Ehrlich (Partner at Foundation Capital and former head of marketing at Facebook).

Anshul Ruparell, co-founder and CEO of Properly, stated:

“We’re creating a future where Canadians can buy or sell a home with dramatically less friction and surprising simplicity. We’re bringing best-in-class tools and services to the market to support our customers from their initial home search through to closing a home sale. As a result, we’ve experienced exponential growth, but we’re just at the start of our journey. We’re excited to use this financing to bring better services to Canadians across the country.”

Merritt Hummer, Partner at Bain Capital Ventures. said that they have invested in several high-potential Proptech firms based in the US and their investment in Properly is their “first of this kind in Canada.”

Hummer added:

“The vision that Anshul and his team have to transform the home buying and selling experience and the unquestionable need for innovation in the Canadian real estate industry is what compelled us to invest in Properly. We are proud to lead their Series B financing to help accelerate their growth plans nationally.”

Properly is currently working to make real estate transactions “genuinely frictionless.” The firm also noted that the investments from Intact Ventures and FCT will serve to complement current partnerships with large Canadian banks “to enable Properly to provide a more seamless home buying experience for Canadians.”

Justin Smith-Lorenzetti, Investment Director at Intact Ventures added:

“We were impressed by Properly’s growth and the innovative tools and services the company has already brought to the real estate industry. The company’s vision to better serve the customer, especially in major real estate markets, is important. We’re looking forward to working with Anshul and his team and supporting Properly in enabling a more seamless home buying experience for Canadians.”

Michael LeBlanc, CEO at FCT, noted:

“Investing in Properly is consistent with FCT’s desire to support innovative companies with strategies to streamline real estate transactions. We look forward to supporting Properly’s vision to advance the real estate journey for Canadian homebuyers.”

To learn more about Properly’s current portfolio of proprietary tools and services along with other details, check here.

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Source: https://www.crowdfundinsider.com/2021/07/178219-properly-a-canadian-tech-enabled-real-estate-brokerage-secures-cad-44m-via-series-b-from-bain-capital-ventures-others/

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Crowdfunding

CrowdProperty Easily Tops £800K on Seedrs in Crowdfunding Round

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CrowdProperty, a leading UK-based property investment platform, looks like it may double its targeted raise on Seedrs. With a couple of weeks left on the securities offering, CrowdProperty has raised over £1.4 million on a funding goal of £800,000.

According to the offering page, CrowdProperty is raising EIS qualified equity at a pre-money valuation of £29.4 million or about 4.6% in ownership. As of today, the offering has received the backing of 611 individual investors. Shares, priced at £21.78 each, will be available for trading on the Seedrs Secondary Market.

CrowdProperty has recently reported a series of material events that have boosted the platform. Earlier this month, CrowdProperty reported a £300 million institutional funding line agreement with an unnamed investment manager.”

The funding line is a five-year agreement that complements CrowdProperty’s existing sources of capital including retail investors.

This past May, CrowdProperty lent £8,320,000, while paying back £7,520,000, and receiving £285,000,000 of funding applications from SME property professionals. CrowdProperty said it set a lending record in June, initiating £16,000,000 of new facilities and lending £8,800,000.

CrowdProperty makes its money by assessing an arrangement fee of between 2-3% and loan income of 1.5-2.5%pts p.a. charged to borrowers.

CrowdProperty benefits from a tight housing market and SME property professionals that may struggle to access the finance they need.

For individual investors, you can generate returns of up to 8% per backed with the investment-backed by first charge security. CrowdProperty notes that since 2013, 100% of financed projects have been paid back. A pretty impressive record.

The offering is currently live until mid-August.

Have a crowdfunding offering you’d like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

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Source: https://www.crowdfundinsider.com/2021/07/178246-crowdproperty-easily-tops-800k-on-seedrs-in-crowdfunding-round/

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Real Estate

105± acre Former Cold War Missile Defense Radar Base | Being…

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Former Cold War Missile Defense Radar Base on 105± acres | Mohawk, MI

Former Cold War Missile Defense Radar Base on 105± acres | Mohawk, MI

“In our 101-year history of selling some very unique assets for clients around the world, I would say this is by far the most unique property we have ever had up for auction. I am very curious to see who will win the Bidding War.”

Maas Companies of Rochester, Minnesota will be conducting the auction. Maas Companies works nationwide with government, lenders, companies and private owners to sell commercial and industrial assets at auction, with an emphasis on unique assets.

Also known as Mount Horace Greeley, the property is the highest point in Keweenaw County and is the most northern part of the UP extending far out into Lake Superior which made it an ideal location for one of the US Cold War’s radar defense sites.

Shortly after the start of the Korean War in 1950, the US obtained intelligence that the Soviets were designing and manufacturing a massive offensive military force consisting of advanced jet aircraft and long-range missiles. Realizing the speed of this threat, the US Department of Defense authorized 28 advanced radar sites to be built; Calumet Air Force Station is one of these sites. The location on Mt. Horace Greeley provided the perfect view of outside threats. The site was operational in 1951 and remained active for almost 4 decades. During this time, the station was one of the most advanced radar surveillance networks in the world capitalizing on its secluded location. The site employed 275 persons and due to the remote location, the campus also provided housing and living amenities for these families.

The facility is now available to the high bidder with a low minimum bid of $50,000*. The new owner will work with the local municipality to help usher the property into its next chapter. In recent months, other missile defense sites have sold to buyers with visions of being completely off the grid and embracing true social distancing. With high-speed internet and heavy power at the site, the 105 acres could easily house extensive computer server farms, RV park, resort, training facilities or self-sustaining communal living environments with panoramic views of Lake Superior. While envisioning future use the new owner will need to work with the local municipality and government to allow remaining environmental site cleanup and utility access to get completed.

Tyler Maas, Chief Auctionologist with Maas Companies states, “In Maas Companies’ 101-year history of selling some very unique assets for clients around the world, this is by far the most unique property up for auction. Time to see who will win the Bidding War.”

Bidders are encouraged to explore the property on the following open house times: Tuesday, July 27, from 9:00 AM – 3:00 PM ET or Tuesday, August 17, also from 9:00 AM – 3:00 PM. Other times by appointment.    

Details of the sale are available at the auction website, http://www.MaasCompanies.com, or by contacting the auction company directly at 507-285-1444        

*Starting Minimum Bid

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Source: https://www.prweb.com/releases/105_acre_former_cold_war_missile_defense_radar_base_being_offered_at_auction_for_50_000/prweb18083523.htm

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Real Estate

Groundbreaking Tuesday for $53M Point Mugu Coast Guard Air Station,…

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We’re honored to support these contracts and to work with a proactive and collaborative design-build team.

The Point Mugu Naval Base Ventura County will hold a groundbreaking ceremony Tuesday, July 27, for its $53 million Coast Guard Air Station. The permanent new air station will include a 43,045-square-foot hangar facility with four bays, shops, and storage for MH65T and MH60J helicopters, as well as a 12,183-square-foot administration building.

Woolpert designed the air station and provided associated utilities, site improvements and sanitary sewer modifications. The firm also conducted bridge engineering and design to support the installation of a new concrete taxiway with asphalt-paved shoulders that will connect the new aircraft parking apron and aircraft hangar to the base’s existing NBVC Taxiway B. The concrete parking apron will include a hot refueling area and a TALON grid system to simulate U.S. Coast Guard ship tiedowns, as well as parking for 85 personal-occupancy vehicles.

The one-story hangar will have support space for storage and maintenance and will be able to be accessed via a four-panel, vertical lift fabric door with a 250-foot clear opening. The administration building will contain offices, conference rooms, a clinic and berthing functions. The project was designed to achieve LEED certification.

Woolpert Federal Design Practice Leader Joseph Bissaillon said the beddown of this air station is one of many multiple-award construction contracts that Woolpert has underway with the U.S. Coast Guard.

“We have been working coast to coast on U.S. Coast Guard projects, from Ventura County to New England, Texas and Florida,” Bissaillon said. “This air station will help the Coast Guard reestablish its permanent presence in the Los Angeles area and continue its protection of U.S. waterways, ports and shorelines. We’re honored to support these contracts and to work with a proactive and collaborative design-build team.”

The Coast Guard Air Station at Point Mugu it is scheduled to be completed in January 2023.

About Woolpert
Woolpert is the premier architecture, engineering, geospatial (AEG) and strategic consulting firm, with a vision to become one of the best companies in the world. We innovate within and across markets to effectively serve public, private and government clients worldwide. Woolpert is an ENR Top 150 Global Design Firm, recently earned its fifth-straight Great Place to Work certification and actively nurtures a culture of growth, inclusion, diversity and respect. Founded in 1911 in Dayton, Ohio, Woolpert has been America’s fastest-growing AEG firm since 2015. The firm has over 1,300 employees and 42 offices in three countries. For more, visit woolpert.com.

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Source: https://www.prweb.com/releases/groundbreaking_tuesday_for_53m_point_mugu_coast_guard_air_station_designed_by_woolpert/prweb18088268.htm

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